Bank Albilad Valuation

Q: What is the Fair Price of 1140 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

1140 (SAR35.95) is trading above our estimate of [[fair value]] (SAR4.46)

Is 1140 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1140 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1140 (SAR35.95) is trading above our estimate of fair value (SAR4.46)

Significantly Below Fair Value: 1140 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1140?

Key metric: As 1140 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1140. This is calculated by dividing 1140's market cap by their current earnings.
What is 1140's PE Ratio?
PE Ratio	17.1x
Earnings	ر.س2.62b
Market Cap	ر.س44.94b

1140 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	1.4x

Price to Earnings Ratio vs Peers

How does 1140's PE Ratio compare to its peers?

The above table shows the PE ratio for 1140 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	8.8x
1050 Banque Saudi Fransi	9.3x	9.6%	ر.س37.3b
1080 Arab National Bank	8.4x	3.6%	ر.س39.0b
1010 Riyad Bank	9.1x	4.8%	ر.س79.7b
1060 Saudi Awwal Bank	8.5x	6.6%	ر.س64.7b
1140 Bank Albilad	17.1x	12.2%	ر.س44.9b

Price-To-Earnings vs Peers: 1140 is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (8.8x).

Price to Earnings Ratio vs Industry

How does 1140's PE Ratio compare vs other companies in the Asian Banks Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 1140 is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the Asian Banks industry average (8.4x).

Price to Earnings Ratio vs Fair Ratio

What is 1140's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1140 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.1x
Fair PE Ratio	11.9x

Price-To-Earnings vs Fair Ratio: 1140 is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1140 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	ر.س35.95	ر.س37.38 +4.0%	15.2%	ر.س43.20	ر.س28.60	n/a	6
Nov ’25	ر.س36.80	ر.س37.38 +1.6%	15.2%	ر.س43.20	ر.س28.60	n/a	6
Oct ’25	ر.س39.10	ر.س35.58 -9.0%	13.9%	ر.س43.20	ر.س28.60	n/a	6
Sep ’25	ر.س38.50	ر.س33.75 -12.3%	11.5%	ر.س39.70	ر.س27.58	n/a	6
Aug ’25	ر.س36.50	ر.س33.74 -7.6%	11.4%	ر.س39.68	ر.س27.58	n/a	6
Jul ’25	ر.س32.30	ر.س33.75 +4.5%	11.4%	ر.س39.68	ر.س27.60	n/a	6
Jun ’25	ر.س32.45	ر.س33.85 +4.3%	10.9%	ر.س39.68	ر.س28.24	n/a	6
May ’25	ر.س35.30	ر.س34.05 -3.5%	10.9%	ر.س39.68	ر.س28.24	n/a	6
Apr ’25	ر.س38.20	ر.س33.52 -12.3%	10.5%	ر.س39.68	ر.س28.24	n/a	6
Mar ’25	ر.س39.52	ر.س33.05 -16.4%	11.3%	ر.س39.68	ر.س28.08	n/a	6
Feb ’25	ر.س36.20	ر.س33.05 -8.7%	11.3%	ر.س39.68	ر.س28.08	n/a	6
Jan ’25	ر.س36.32	ر.س31.73 -12.6%	7.9%	ر.س34.40	ر.س28.08	n/a	5
Dec ’24	ر.س30.60	ر.س31.41 +2.6%	7.5%	ر.س34.40	ر.س28.08	n/a	5
Nov ’24	ر.س30.04	ر.س31.41 +4.6%	7.5%	ر.س34.40	ر.س28.08	ر.س36.80	5
Oct ’24	ر.س33.80	ر.س31.28 -7.5%	8.4%	ر.س34.40	ر.س27.92	ر.س39.10	4
Sep ’24	ر.س34.32	ر.س31.28 -8.9%	8.4%	ر.س34.40	ر.س27.92	ر.س38.50	4
Aug ’24	ر.س35.40	ر.س30.70 -13.3%	8.7%	ر.س34.40	ر.س28.11	ر.س36.50	3
Jul ’24	n/a	ر.س31.69 0%	9.1%	ر.س34.64	ر.س28.11	ر.س32.30	4
Jun ’24	ر.س29.72	ر.س31.68 +6.6%	9.1%	ر.س34.64	ر.س28.08	ر.س32.45	4
May ’24	ر.س33.52	ر.س33.65 +0.4%	12.8%	ر.س39.92	ر.س28.08	ر.س35.30	5
Apr ’24	ر.س31.84	ر.س35.30 +10.9%	11.7%	ر.س40.00	ر.س29.60	ر.س38.20	5
Mar ’24	ر.س29.08	ر.س36.03 +23.9%	10.7%	ر.س40.00	ر.س29.60	ر.س39.52	5
Feb ’24	ر.س35.88	ر.س36.19 +0.9%	9.9%	ر.س40.00	ر.س30.40	ر.س36.20	5
Jan ’24	ر.س35.24	ر.س36.58 +3.8%	10.7%	ر.س40.00	ر.س30.40	ر.س36.32	4
Dec ’23	ر.س40.24	ر.س36.00 -10.5%	13.6%	ر.س40.00	ر.س28.00	ر.س30.60	4
Nov ’23	ر.س40.64	ر.س36.71 -9.7%	13.7%	ر.س40.00	ر.س28.00	ر.س30.04	4

Analyst Forecast: Target price is less than 20% higher than the current share price.